Tag: Moody’s

Moody’s reaffirms ratings on CFE’s debt

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MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 25.Jul.2026, Words: 93) — Moody’s Mexico reaffirmed the highest ratings on its national scale for the Federal Electricity Commission‘s debt, according to El Financiero. RELATED: MOODY’S DOWNGRADES CREDIT RATINGS OF THE CFE AND 8 FINANCIAL INSTITUTIONS 

EAI brief: Moody’s says rising extraction costs squeeze Argentine producers [pdf download]

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BOGOTA, COLOMBIA (Ana Sanches, Energy Analytics Institute, 16.Jul.2025, Words: 366) — The increase in lifting costs recorded in 2024 in Argentina reduces the profitability margins of conventional hydrocarbon producers in the Southern Cone country, according to Moody’s. This, as Argentina’s new investment incentive regime for large investments (RIGI by its […]

Moody’s Raises Petrobras’ Outlook to Positive

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(Energy Analytics Institute, 2.Oct.2024) — Moody‘s raised the outlook on Petrobras‘ ratings from stable to positive, Petrobras announced 2 Oct. 2024 in an official statement. The rating agency also reaffirmed Petrobras’ credit rating at “Ba1”, reflecting the Brazilian company’s solid credit metrics, positive track record of operational and financial improvement […]

Moody’s On Govt Intervention At Petrobras

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(Reuters, 24.Feb.2021) — Brazilian President Jair Bolsonaro’s decision to replace the head of state-run oil giant Petrobras threatens the government’s privatization program and potentially the economy’s medium-term growth prospects, ratings agency Moody’s warned on Wednesday. “The greatest risk to Brazil’s sovereign credit profile is a confidence shock that leads to […]

Moody’s Warns Of Pemex Downgrade

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(Reuters, 15.Dec.2020) — Mexican state oil giant Pemex could sink deeper into junk territory if Mexico’s sovereign credit rating is downgraded, ratings agency Moody’s said on Wednesday. Moody’s stripped heavily indebted Pemex of its investment grade rating in April and downgraded it to junk status by cutting its rating to […]

Moody’s Confirms Ecopetrol’s Rating

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(Ecopetrol, 3.Aug.2020) — Ecopetrol S.A. announces rating agency Moody’s kept the Company’s long-term international rating at Baa3, with stable outlook. Moody’s highlighted the Company’s strength as a leading firm in Colombia, the benefits of being an integrated company, as well as the adequate liquidity levels required to navigate the current […]

Moody’s Downgrades Pemex’s Ratings To Ba2

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(Moody’s, 17.Apr.2020 — Moody’s Investors Service (Moody’s) downgraded Petroleos Mexicanos’ (PEMEX) senior unsecured ratings on the company’s existing notes, as well as the ratings based on PEMEX’s guarantee, to Ba2 from Baa3. Simultaneously, Moody’s withdrew PEMEX’s Baa3 issuer rating and assigned a Ba2 corporate family rating to the company. Moody’s […]

Moody’s Ends YPF Review

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(Moody’s, 15.Nov.2019) — Moody’s Investors Service completed a periodic review of the ratings of YPF Sociedad Anonima and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the […]

Moody’s Ups Petrobras’ Stand-Alone Credit Profile

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(Petrobras, 23.Aug.2019) — Petrobras informs that the rating agency Moody raised its stand-alone credit profile (SCP) by one notch to “ba2″ from ” ba3″ and affirmed the “Ba2“ corporate rating, with a stable outlook. Moody’s highlighted that the upgrade reflects Petrobras’ continued success in improving its credit metrics and liquidity […]

Moody’s Confirms Ecopetrol Investment Grade Rating

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(Ecopetrol, 30.Jul.2019) — Ecopetrol S.A. announces that the rating agency Moody’s has kept the Company’s long-term international rating at Baa3, with stable outlook. In its report, Moody’s highlighted the Company’s strength as a leading firm in Colombia, its operating performance and capital efficiency, as well as the stable cash generation […]

Moody’s Upgrades Ecopetrol Rating

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(Energy Analytics Institute, Piero Stewart, 18.Jul.2018) – The risk-rating agency Moody’s increased the baseline credit assessment (BCA) two notches, to ba1 from ba3 for Colombia’s state oil company. The agency said the higher BCA was primarily due to Ecopetrol’s “solid metrics and progress in its strategy of growth and adding […]

Moody’s Projects T&T Energy Sector Rebound

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(LoopTT, 24.May.2018) – Moody’s Investors Service is projecting an Energy Sector-led rebound in growth to support the fiscal trajectory. On Wednesday, Moody’s upgraded Trinidad and Tobago’s Trinidad Drilling Ltd.’s (Trinidad) Corporate Family Rating (CFR) to B2 from B3. The country’s rating outlook remains stable at this time. Moody’s also noted a narrowing fiscal […]

Moody’s Takes Action on Cosan’s Ratings

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(Moody’s Investors Service, 17.Mar.2017) – Moody’s Investors Service affirmed the ratings of the notes issued by Cosan Overseas Limited and Cosan Luxembourg S.A. and guaranteed by Cosan at Ba3. At the same time, Moody’s América Latina affirmed Cosan S.A. Indústria e Comércio’s corporate family ratings at Ba2 (global scale) and […]

Moody’s Changes Outlook on Argentine Cos

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(Moody’s Investors Service, 7.Mar.2017) – Moody’s Investors Service revised to positive from stable the outlook for several companies operating in Argentina, while all ratings were affirmed. The companies’ outlook change follows the revision of the Argentine government’s B3 rating outlook to positive from stable on March 6, 2017. ISSUERS AND […]

Moody’s Assigns Rating to Petrobras Notes

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(Moody’s Investors Service, 9.Jan.2017) – Moody’s Investors Service assigned a B2 rating to Petrobras Global Finance B.V.’s proposed global notes, which will be unconditionally guaranteed by Petroleo Brasileiro S.A. (B2 stable). The B2 rating on the proposed notes is based on the rating of Petrobras. The proposed notes are senior […]

Moody’s Assigns Rating to Pampa Energía

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(Moody’s Investors Service, 6.Jan.2017) – Moody’s Investors Service assigned a B3 Corporate Family Rating (CFR) to Pampa Energía S.A. At the same time, Moody’s assigned a B3 rating to the company’s proposed long term senior unsecured notes. Proceeds from the notes will be used to refinance debt and for capital […]

Moody’s Affirms Ocensa’s Baa3 Ratings

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(Moody’s, 4.May.2016) – Moody’s affirmed Oleoducto Central, S.A.’s (Ocensa) Baa3 senior unsecured ratings. The rating outlook was changed to negative from positive. Ratings Rationale “The equalization of Ocensa’s ratings and outlook to those of Ecopetrol, S.A. (Ecopetrol, Baa3 negative) reflects Moody’s view that Ocensa is not insulated from the credit […]

Finance Ministry, Pemex Meet With Investors

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(Pemex, 19.Apr.2016) – The Minister of Finance and Public Credit, Luis Videgaray, and the Pemex CEO José Antonio González Anaya, met in New York with investors, analysts, and executives of financial institutions to emphasize the economic prospects of the company and investment opportunities that resulted from the implementation of the […]

Pemex Responds to Moody’s Press Release

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(Pemex, 25.Aug.2015) – Moody’s Investors Service placed Pemex’s global foreign currency and global local currency A3 ratings under review for a possible downgrade. In this regard, Pemex makes the following remarks: Pemex, along the entire oil and gas industry has been affected by the substantial decline in international oil prices […]

Moody’s Affirms Petrobras Argentina Notes

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(Moody’s Investor Service, 14.Aug.2015) – Moody’s Latin America Agente de Calificación de Riesgo affirmed the Ba2/Aaa.ar global scale rating and national scale rating on Petrobras Argentina S.A.’s $300 million in guaranteed Series S notes (CUSIP 71646JAB5). The rating action reflects Moody’s Investors Service’s rating action on August 11, 2015 of […]

Elevated Corporate Risks in Argentina

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(Moody’s Investor Service, 16.Jul.2015) – Economic stagnation, a difficult political environment and heightened volatility in financial markets with the approach of presidential elections will be elevating pressures on non-financial companies in Argentina through mid-2016, says Moody’s Investors Service. Most of the 20 companies that Moody’s rates in Argentina, however, will […]

Moody’s Maintains Ecopetrol Rating at Baa2

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(Ecopetrol S.A., 25.Jun.2015) – Ecopetrol S.A. reported that the credit rating agency Moody’s Investors Service has maintained Ecopetrol’s long term international rating at Baa2 with a stable outlook. Moody’s mentioned that “the rating affirmation was based on Ecopetrol’s solid business strategy, now focused on expanding exploration activities to increase reserves […]

Moody’s Affirms Ecopetrol Rating

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(Moody’s, 23.Jun.2015) – Moody’s affirmed Ecopetrol S.A.’s Baa2 ratings and assigned a Baa2 rating to the company’s up to $1.5 billion in proposed notes due 2026. The proposed securities are senior unsecured and pari passu with Ecopetrol’s other senior foreign currency debt, which is also rated Baa2. Proceeds from the […]

Moody’s Changes PBF Rating Outlook

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(Moody’s, 22.Jun.2015) – Moody’s Investors Service changed PBF Holding Company LLC’s rating outlook to positive from stable. Moody’s also affirmed PBF’s Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating, and Ba3 senior secured notes ratings following its announced acquisition of the Chalmette refinery. “PBF’s positive rating outlook reflects […]